Samsung to become 100% IoT in 5 years, launches SmartThings subscription service

LAS VEGAS--Samsung Electronics co-CEO Boo-Keun Yoon delivered the opening keynote here at the 2015 Consumer Electronics Show and made clear that Samsung is going to try to get ahead of the Internet of Things wave. Yoon said that Samsung is going to make all of its gadgets and appliances connected. More importantly, he set clear benchmarks: By 2017, he said 90 percent of Samsung products will be IoT devices, and the company will hit 100 percent within five years, according to GigaOM.

Yoon also expounded on his philosophy regarding IoT. He said that a single operating system for IoT won't work and that the experience has to be seamless for consumers. Consequently, he said that Samsung's aggressive move into the IoT market will be "open" and that anyone will be able to connect with its devices. "Without this kind of openness, there won't be an Internet of Things," he said, according to The Verge. "Because the things won't fit together."

That mentality matches with SmartThings, a smart home startup Samsung acquired last year. SmartThings lets people monitor, control and automate their homes from a single mobile app. The company plans to launch new home hub with a more powerful processor, backup battery and a cellular connection for when the power fails, The Verge notes. Yoon also said that SmartThings will launch a new, "premium" subscription service, which will let users get text message alerts from their smart homes if something is wrong, with the alerts changing to calls in the case of an emergency.

Samsung's push into the IoT market comes as its smartphone market share slips due to competition from Chinese rivals Lenovo, Huawei and Xiaomi. Article

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